C06 - Growth Opportunity Partners, a JumpStart Company
Q.1
What is the first thing that Growth Opportunities Partners does when a company reaches out to them for assistance?
analyze the company and its management team
sends the company to Jumpstart for a “Business Boot-camp” program
takes the owners of the companies to a local bank to see if they can get financing on their own
asks the company to write an essay focused on why they need help from Growth Opportunity Partners
Q.2
Mr. Jean says that Growth Ops is “industry agnostic,” but they do not lend money to ___________.
bio-medical businesses
food-based businesses
gambling businesses
pharmaceutical businesses
Q.3
What is one of the requirements for receiving help from Growth Ops?
you must agree to keep your business in Ohio for at least 7 years
one of the founding members of the company must be from Ohio
must have been (or currently be) a Jumpstart client
must be in business for at least 2 years
Q.4
According to Mr. Jean, the average size loan that Growth Ops lends to its clients is ______.
between $50,000 – $100,000
between $250,000 – $350,000
between $500,000 – $750,000
between $750,000 – $1,000,000
Q.5
According to Mr. Jean, while Growth Ops is similar to a bank of lending institution, it’s unique because they _____.
spend much more time getting to know their clients businesses and plans
are allowed to offer much more money than a typical bank
offer money is insured by the Office of Workforce and Development
don’t work “banker’s hours”